In a previous article, ‘In case of emergency: Using emergency power provisions to appoint a voluntary administrator’ we discussed the use of emergency powers in a companys constitution to appoint a voluntary administrator to a company, as well as the use of court assistance to cure defects in an appointment. Indeed, there is ample precedent where…
DetailsSono Group N.V. MUNICH, Germany, May 15, 2023 (GLOBE NEWSWIRE) — On May 15, 2023, Sono Group N.V. applied to the insolvency court of Munich, Germany, to permit the opening of a self-administration proceeding (Eigenverwaltung) with respect to Sono Group N.V. pursuant to Section 270 (b) of the German Insolvency Code (Insolvenzordnung). On the same…
DetailsVoluntary administrators have been appointed to Jenny Craig Australia and New Zealand, despite the business saying its operations wouldn’t be affected after its United States business filed for bankruptancy. A statement released on Tuesday confirmed FTI Consulting’s Vaughan Strawbridge, Kate Warwick and Joseph Hansell have been appointed. Jenny Craig Australia will continue its operations while administrators…
DetailsBy Marine Strauss BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…
DetailsA husband’s failure to pay his taxes has cost his partner her home. Photo / 123RF A team of police and debt collectors have booted an Auckland couple from their Mt Albert house so the property can be sold to help pay hundreds of thousands of dollars in unpaid tax. Two police officers and four…
DetailsBusiness reorganizations are inevitable. Theyre necessary for companies to adapt to changing market conditions, improve overall efficiency, and achieve their business goals faster. However, the restructuring process isnt always a smooth experience for everyone. Although the eventual outcome is foreseen as beneficial, the changes and the transition process can be arduous. When planned and executed…
DetailsThis is a service specifically targeted at the needs of busy non-executive directors (NEDs). We aim to give you a heads up on the things that matter for NEDs in the week ahead all in two minutes or less. In this edition, we discuss two recent ASIC reports: the first highlights ASICs interventions in response…
DetailsSydney, May 16th, 2023 – Dylan, the founder of Dnpl, is thrilled to announce the release of the company’s comprehensive, consumer-facing debt relief solution in Australia. Dnpl is a debt management platform that empowers consumers to overcome debt on their terms. Dylan’s personal experience with debt and the harsh reality of debt collection practices inspired…
DetailsAs we enter a brave new world of stubbornly high inflation, geopolitical strife, divisive politics, and a seemingly never-ending erosion of the quality of life, there is a high chance that anyone reading this will become saddened with debt at some point in their life. Debt can be a terribly scary thing, and those who…
DetailsMember Article Q1 Boost For North East Start-Ups – But Corporate Insolvency Numbers Also On The Up The North East recorded a seven per cent year-on-year increase in the number of new businesses set up through the first quarter of 2023 but regional insolvency activities were also still firmly on the rise. According to analysis…
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